HYPE

Alert

Funding spread now, next payment 19:00 UTC−0.0515%/8h

paid, last 24h−0.036%paid, last 7 days−0.046%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.046% in total (about -2.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX HYPE-USDT	93.080	0.0615	pay 0.0307% / 4h	1h 35m	$1.5M	$7.4M	75x
Short	Derive HYPE-PERP	92.891	0.0100	get 0.0013% / 1h	35m 44s	$16.3M	$7.1M	10x

Funding history

latest

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee HTXbpFee DerivebpOrdersRate

Funding earned: −$108.08
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Derive: 3 bp × 2 orders: −$6
Net: −$126.08
Break-even: never at this rate

Slippage unknown: HTX: live order book, 5 min ago; Derive: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.203%
Avg gap 7d: −0.057%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy HTX live order book, 5 min ago	2.63 bp	10.1 bp −$10	14.9 bp −$149	50.2 bp −$5,018	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

HYPE on 54 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Hibachi HYPE/USDT-P	−0.0816%	1h	$194K	$237K	7x	as long as short
Arcus HYPE-USD	−0.0121%	1h	$1.2M	$4.1M	10x	as long as short
Hotstuff HYPE-PERP	−0.0080%	1h	$3K	$307	25x	as long as short
gTrade (Gains Network) HYPE/USD	L +0.0002% / S −0.0003%	1h	$78K	—	150x	as long as short
dYdX HYPE-USD	+0.0029%	1h	$126K	$28K	5x	as long as short
Kraken Futures PF_HYPEUSD	+0.0085%	1h	$16.1M	$21.1M	50x	as long as short
Lighter HYPE	+0.0096%	1h	$18.7M	$58.5M	20x	as long as short
Lighter RH HYPE	+0.0096%	1h	$3.1M	$12.5M	20x	as long as short
Popdex HYPEUSDT	+0.0096%	1h	$54K	$1.2M	50x	as long as short
Katana Perps HYPE-USD	+0.0100%	8h	$13K	$1.9M	10x	as long as short

Show all 54 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster HYPEUSDT	+0.0100%	4h	$8.9M	$36.2M	300x	as long as short
Nado HYPE-PERP	+0.0100%	1h	$6.4M	$43.8M	10x	as long as short
Pacifica HYPE	+0.0100%	1h	$10.1M	$14.4M	20x	as long as short
Binance HYPEUSDT	+0.0100%	4h	$386.7M	$871.3M	75x	as long as short
Bybit HYPEUSDT	+0.0100%	8h	$325.4M	$291.9M	75x	as long as short
OKX HYPE-USDT-SWAP	+0.0100%	8h	$114.5M	$319.9M	50x	as long as short
Ondo Perps HYPE-USD.P	+0.0100%	1h	$698K	$1.0M	10x	as long as short
Bulk HYPE-USD	+0.0100%	1h	$205K	$10K	10x	as long as short
Gate HYPE_USDT	+0.0100%	4h	$43.8M	$56.6M	75x	as long as short
MEXC HYPE_USDT	+0.0100%	4h	$90.0M	$82.9M	100x	as long as short
KuCoin HYPEUSDTM	+0.0100%	4h	$46.3M	$20.3M	75x	as long as short
Bitget HYPEUSDT	+0.0100%	4h	$225.6M	$104.5M	75x	as long as short
BingX HYPE-USDT	+0.0100%	4h	—	$53.9M	—	as long as short
Backpack HYPE_USDC_PERP	+0.0100%	1h	$8.4M	$11.3M	20x	as long as short
Variational Omni HYPE	+0.0100%	8h	$28.6M	$50.0M	—	as long as short
ApeX Omni HYPEUSDT	+0.0100%	1h	$427K	$949K	50x	as long as short
StandX HYPE-USD	+0.0100%	1h	$672K	$2.3M	20x	as long as short
Vest HYPE-PERP	+0.0100%	1h	—	$407K	5x	as long as short
Polymarket Perps HYPE-USD	+0.0100%	1h	$498K	$2.6M	20x	as long as short
Bullet HYPE-USD	+0.0100%	1h	$112K	$568K	20x	as long as short
Orderly PERP_HYPE_USDC	+0.0100%	4h	$186K	$496K	20x	as long as short
Bluefin HYPE-PERP	+0.0100%	1h	$75K	$179K	20x	as long as short
Derive HYPE-PERPshort	+0.0100%	1h	$16.3M	$7.1M	10x
SunX HYPE-USDT	+0.0100%	4h	$31K	$1.6M	20x	as long as short
SoDEX HYPE-USD	+0.0100%	1h	$2.0M	$2.0M	10x	as long as short
Phemex HYPEUSDT	+0.0100%	8h	$12.5M	$2.4M	50x	as long as short
edgeX HYPEUSDC	+0.0102%	4h	$5.1M	$28.8M	30x	as long as short
Extended HYPE-USD	+0.0104%	1h	$18.0M	$41.2M	50x	as long as short
Aevo HYPE-PERP	+0.0104%	1h	$395K	$330K	20x	as long as short
Paradex HYPE-USD-PERP	+0.0109%	8h	$340K	$288K	20x	as long as short
Kalshi KXHYPEPERP	+0.0109%	8h	$2.0M	$5.5M	2.3x	as long as short
01 Exchange HYPEUSD	+0.0112%	1h	$89K	$323K	20x	as long as short
Aftermath Perps HYPEUSD	+0.0151%	1h	$22K	$30K	10x	as long as short
Coinbase International HYPE-PERP-INTX	+0.0200%	1h	$5.0M	$5.6M	50x	as long as short
Reya HYPERUSDPERP	+0.0239%	1h	$76K	$157K	15x	as long as short
Deribit HYPE_USDC-PERPETUAL	+0.0245%	1h	$7.3M	$4.7M	50x	as long as short
Phoenix HYPE	+0.0338%	1h	$220K	$977K	10x	as long as short
GMX HYPE/USD [WBTC.b-USDC]	L +0.0339% / S −0.0164%	1h	$1.4M	—	100x	as long as short
BloFin HYPE-USDT	+0.0340%	4h	$17.4M	$12.2M	75x	as long as short
Perpl HYPE	+0.0447%	43m	$27K	$386K	10x	as long as short
RISEx HYPE/USDC	+0.0569%	1h	$2.6M	$6.5M	20x	as long as short
HTX HYPE-USDTlong	+0.0615%	4h	$1.5M	$7.4M	75x
Hyperliquid HYPE	+0.0652%	1h	$2.01B	$667.9M	10x	as long as short
Injective HYPE/USDC PERP	+0.1593%	1h	$30K	$177K	12x	as long as short